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Gulf Capital awards J P Morgan private equity fund administration mandate

Posted 21 November 2011 - 12:05pm by Visitor

Muhannad Qubbaj, Head of Business Development, Private Equity, at Gulf Capital, said: “This fund puts us at the forefront of private equity investing with one of the largest private equity funds raised in the region. J.P. Morgan is a leading international private equity administrator and has the scale of service and industry knowledge necessary to help us create maximum value and transparency for our large client base.” Timothy Peters, General Manager of J.P. Morgan’s Abu Dhabi Office and Head of WSS MENA commented: “The challenges around private equity administration are set to increase in complexity driven by new regulation facing the industry."
GC Equity Partners Fund II, a late stage fund with in excess of $500 million of committed capital.

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J.P. Morgan’s Worldwide Securities Services (WSS) business today announced it has been appointed by Gulf Capital Equity Fund Associates to provide private equity fund administration services to the GC Equity Partners Fund II, a late stage fund with in excess of $500 million of committed capital.

Gulf Capital is one of the largest Middle Eastern private equity firms, focusing primarily on late-stage control buy-outs, growth capital, real estate development and credit business. GC Equity Partners Fund II was the first ever regional private equity fund to derive the majority of its investors from international markets including the USA, Europe and Asia. Investors in the fund include some of the largest and best known global and regional sovereign wealth funds, pension funds, endowments, banks and insurance companies.

Muhannad Qubbaj, Head of Business Development, Private Equity, at Gulf Capital, said: “This fund puts us at the forefront of private equity investing with one of the largest private equity funds raised in the region.  J.P. Morgan is a leading international private equity administrator and has the scale of service and industry knowledge necessary to help us create maximum value and transparency for our large client base.”

Brian Coughlin, Asset Managers and Alternative Investments Markets Manager, EMEA for J.P. Morgan Worldwide Securities Services, said: “J.P. Morgan has done business on the ground in the Middle East for 50 years. This long-standing commitment means J.P. Morgan has a deep understanding of the securities services needs of investors in the Gulf, a region which is experiencing significant growth. We look forward to working with Gulf Capital and helping them best serve their investors by providing them with market-leading client service.”

Timothy Peters, General Manager of J.P. Morgan’s Abu Dhabi Office and Head of WSS MENA commented: “The challenges around private equity administration are set to increase in complexity driven by new regulation facing the industry. J.P. Morgan is uniquely positioned to help investors meet these complexities and focus on maximizing returns for investors.  Through a combination of our regional MENA office network and the award winning private equity administration team, we look forward to assisting asset managers and investors in this growth area of investment.”